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Pre-market Tour (recording & summary) – If, Then… Market Timing

Pre-market Tour (recording & summary)

By Rod David | November 28, 2016 - 9:15 am

The overnight plunge to 2199.50 has extended its recovery up to 2207.50, where Friday morning’s buy signal had triggered. Gapping down back under Tuesday and Wednesday’s “lower prior highs” is not a threat, so a near-term trend reversal is less likely. That doesn’t ensure resuming the rally immediately, but any retest of overnight lows must be absorbed and rejected quickly to avoid gaining downside traction.

Details and other markets coverage are discussed in the pre-market Tour recording here.

Posted in members-only, Pre-market Tour, S&P